EC: Money for Rail Baltica in next pe­riod will be ne­go­ti­ated

Baltic News Network - - News -

Fund­ing of the Rail Baltica rail­way project af­ter the year 2020 will be ne­go­ti­ated upon as part of the EU’s fi­nan­cial plan for the next pe­riod, has stated the Euro­pean Com­mis­sioner for Mo­bil­ity and Trans­port.

Es­to­nian pub­lic broad­caster ERR re­ports that EC’s Com­mis­sioner for Mo­bil­ity and Trans­port Vi­o­leta Bulc, on Thurs­day, Sep­tem­ber 22, when asked if the project could con­tinue to ex­pect 85 per­cent fund­ing, re­sponded: «Of course we will fol­low our mod­els, es­pe­cially for rail­ways, and I hope that Rail Baltica will de­liver dates and they will use all the op­por­tu­ni­ties they had at this fi­nan­cial pe­riod to full ex­tent».

EU’s ex­ec­u­tive body has promised to al­lo­cate 1.2 bil­lion eu­ros for the 5.8 bil­lion euro project in the 2014-2020 pe­riod and ad­di­tional 110 mil­lion eu­ros in fund­ing were al­lo­cated to the project in sum­mer 2017.

At present, the Euro­pean Com­mis­sion grants 85% fund­ing for Rail Baltica, none­the­less the three Baltic states are con­cerned, if the fund­ing will re­main in the fu­ture as the UK leaves the EU and mi­gra­tion to south­ern Europe also puts a strain on EU fi­nances.


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